After months of hard work from the eth2 research team, along with Consensys and DeepWork Studio, we’re happy to announce the release of the eth2 validator launchpad (testnet version).
We’re releasing it now so that you can keep track of, and make deposits into, the upcoming Medalla multi-client testnet. But we’ll continue to fine-tune the interface in the run-up to mainnet launch.
The idea behind the launchpad is to make the process of becoming an eth2 validator as easy as possible, without compromising on security and education.
In contrast to using a third-party service, running your own validator comes with the responsibility of managing your own keys. This responsibility brings with it an inescapable tradeoff between ease-of-use, security, and education.Education
The first mission of the launchpad is to help validators educate themselves about all aspects of the process. Above all, we want to make sure validators know what they’re doing, and why they’re doing it.The basics
We start with the basics. Before you even begin the sign-up process, you should understand what eth2 is, and why validators are necessary for eth2 to work properly.Timelines and milestones
You should also understand that eth2 will be released in several phases.
And where we currently stand in that timeline.Rewards
Before deciding whether to run a validator, it’s important to have a good grasp on the amount of rewards you stand to receive.
In particular, you should understand that rewards are not fixed, but dynamic (a function of the amount of eth staked in the network).In plain English, if the total amount of ETH staked is low, the annual reward is high, but as the total stake rises, the reward received by each validator starts to fall.
Once you feel you have a good grasp of the above concepts, you’re ready to start the sign up process.
The first part consists of a series of statemen...